Uber made a statement that the company plans to file an appeal in the 9th United States Circuit Court of Appeals. Uber is undoubtedly very rich, with a valuation that at last count topped one billion.

This ruling could have a great impact for the on-demand transportation company, as well as other companies with similar approaches. Joe Seiner, a professor at the University of South Carolina School of Law, recently said he believes certifying Uber drivers as a class ignores the different “economic realities” that affect drivers who approach Uber as a full-time job or career and those who use it for occasionally income supplementation. <Read More>